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  • Fauci Versus Trump – Who’s Right?

    ZeroHedge - May 15th 2020 11:05am EDT

    Fauci Versus Trump – Who’s Right? Tyler Durden Fri, 05/15/2020 – 11:05 Authored by Patrick Buchanan via Buchanan.org, “We have met the moment and we have prevailed,” said President Donald Trump Monday, as he supported the opening of the U.S. economy before the shutdown plunges us into a deep and lasting depression. Tuesday, Dr. Anthony […]

  • Ignore Dismal Retail Sales Report: Latest Daily Spending Data Shows 2020 Is Now Higher Than 2019

    ZeroHedge - May 15th 2020 10:49am EDT

    Ignore Dismal Retail Sales Report: Latest Daily Spending Data Shows 2020 Is Now Higher Than 2019 Tyler Durden Fri, 05/15/2020 – 10:49 One month ago, when looking at the March retail sales report – which only captured the last two weeks of the US shutdown- and comparing it to the Bank of America real-time credit […]

  • Job Openings Plunge Most On Record Amid Mass Layoffs, Plunge In Hiring

    ZeroHedge - May 15th 2020 10:30am EDT

    Job Openings Plunge Most On Record Amid Mass Layoffs, Plunge In Hiring Tyler Durden Fri, 05/15/2020 – 10:30 With the BLS’s JOLTs, or job openings and labor turnover, survey coming in with an extra month delay, we already knew that the March data would be dismal (especially considering the total implosion in April when over […]

  • Government Handouts Spark Upside Surprise In Sentiment But Hope Tumbles

    ZeroHedge - May 15th 2020 10:09am EDT

    Government Handouts Spark Upside Surprise In Sentiment But Hope Tumbles Tyler Durden Fri, 05/15/2020 – 10:09 Having plummeted in April, UMich consumer sentiment was expected to deteriorate further in preliminary May data as the reality of nationwide lockdowns sink in to the American psyche. However, it appears the stock market’s gains prompted some gains as […]

  • Watch: Gaffes Pile Up During Bumbling Biden “Virtual Roundtable”

    ZeroHedge - May 15th 2020 10:00am EDT

    Watch: Gaffes Pile Up During Bumbling Biden “Virtual Roundtable” Tyler Durden Fri, 05/15/2020 – 10:00 Presumptive 2020 Democratic presidential candidate Joe Biden continues to struggle through media appearances where he consistently has trouble communicating basic stances and policies, or even articulating coherent sentences for that matter, teleprompter or not. Of course, as we’ve highlighted multiple times things […]

  • JC Penney Shares Halted As Bankruptcy Filing Looms

    ZeroHedge - May 15th 2020 9:44am EDT

    JC Penney Shares Halted As Bankruptcy Filing Looms Tyler Durden Fri, 05/15/2020 – 09:44 JC Penney shares have been halted Friday morning just minutes after the open as the company is widely expected to file for Chapter 11 bankruptcy protection. *JC PENNEY IS HALTED FOR NEWS PENDING — Tom Flatten The Curve Hearden (@followtheh) May […]

  • US Industrial Production Plunges By Most In Over 100 Years

    ZeroHedge - May 15th 2020 9:22am EDT

    US Industrial Production Plunges By Most In Over 100 Years Tyler Durden Fri, 05/15/2020 – 09:22 Having crashed in March, April industrial production was expected to crash even harder. Industrial production plunged 11.2% MoM (very modestly better than the 12% drop expected) but still the worst in 101 years… Source: Bloomberg Manufacturers in the U.S. […]

  • “Will Get Worse” – Virus Pushes Germany Into Recession 

    ZeroHedge - May 15th 2020 9:15am EDT

    “Will Get Worse” – Virus Pushes Germany Into Recession  Tyler Durden Fri, 05/15/2020 – 09:15 The German economy fell into recession after recording the sharpest quarterly contraction since the 2009 financial crisis as coronavirus-related shutdowns decimated the end of the first quarter, data showed on Friday.  The 2.2% first-quarter contraction is a preview of what is to […]

  • Silver Is Soaring, Gold-Ratio Plunges To 2-Month Lows

    ZeroHedge - May 15th 2020 9:00am EDT

    Silver Is Soaring, Gold-Ratio Plunges To 2-Month Lows Tyler Durden Fri, 05/15/2020 – 09:00 Gold and Silver are surging this morning but it is the latter that is dramatically outperforming… Gold futures are back above $1750… Gold is at a record high against the yuan this morning (after yuan weakness on trade tensions)… Silver futures […]

  • Trump Mobilizes Military To Deliver COVID Vaccine As HHS/DoD Unveil Massive Contract For “Injection Devices”

    ZeroHedge - May 15th 2020 8:45am EDT

    Trump Mobilizes Military To Deliver COVID Vaccine As HHS/DoD Unveil Massive Contract For “Injection Devices” Tyler Durden Fri, 05/15/2020 – 08:45 President Trump is reportedly mobilizing the U.S. military to distribute a novel coronavirus vaccine when one becomes available and will focus first on older Americans. “You know it’s a massive job to give this […]

  • US Retail Sales Crash By Most Ever In April, Cars & Clothing Clobbered

    ZeroHedge - May 15th 2020 8:36am EDT

    US Retail Sales Crash By Most Ever In April, Cars & Clothing Clobbered Tyler Durden Fri, 05/15/2020 – 08:36 After March’s collapse in headline retail sales, April was expected to be a bloodbath but it was much worse than expected with a 16.4% MoM collapse (the most ever), considerably worse than the 12% drop expected. […]

  • Georgia’s Reopening A ‘Great Success’: “In Theory, No One Is Going Too Fast,” Experts Claim

    ZeroHedge - May 15th 2020 8:25am EDT

    Georgia’s Reopening A ‘Great Success’: “In Theory, No One Is Going Too Fast,” Experts Claim Tyler Durden Fri, 05/15/2020 – 08:25 Well, would you look at that. Three weeks have passed since Georgia started reopening its economy, and the feared apocalyptic resurgence in the coronavirus that was supposed to overwhelm the state’s health-care system and […]

  • In Bonds There Is Truth

    ZeroHedge - May 15th 2020 8:09am EDT

    In Bonds There Is Truth Tyler Durden Fri, 05/15/2020 – 08:09 Authored by Bill Blain via MorningPorridge.com, How Bad Is Bad? “In the face of pain there are no heroes.” The news on the virus front lines does sounds better. Although the media fluster about new “second wave” outbreaks in Asia, Europe and the States, […]

  • Japan Lifts Emergency Order, Australia Reopens Pubs & Georgia, Texas Claim Vindication As China Battles 2nd Wave: Live Updates

    ZeroHedge - May 15th 2020 7:59am EDT

    Japan Lifts Emergency Order, Australia Reopens Pubs & Georgia, Texas Claim Vindication As China Battles 2nd Wave: Live Updates Tyler Durden Fri, 05/15/2020 – 07:59 Now that the first movers in the US have compiled three weeks of data on the spread of the virus, public health officials in Georgia along with Gov. Brian Kemp […]

  • Futures Tumble After US Restarts Trade War With China, Locks Out Huawei; China Vows Retaliation

    ZeroHedge - May 15th 2020 7:52am EDT

    Futures Tumble After US Restarts Trade War With China, Locks Out Huawei; China Vows Retaliation Tyler Durden Fri, 05/15/2020 – 07:52 It was shaping up as a nice, quiet rampy end a tumultous week, when at 630am ET all hell broke loose after the Trump’s Commerce Department to block shipments of semiconductors to Huawei Technologies […]

  • Why Assets Will Crash

    ZeroHedge - May 15th 2020 6:00am EDT

    Why Assets Will Crash Tyler Durden Fri, 05/15/2020 – 06:00 Authored by Charles Hugh Smith via The Daily Reckoning, The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence: when only the top 10% can afford to buy assets, that unleashes an almost karmic payback for the narrowing of […]

  • Nationwide Lockdown Sparks Plunge In Local Govt Tax Revenues; Cuts In Services Strike As Demand Soars

    ZeroHedge - May 15th 2020 5:30am EDT

    Nationwide Lockdown Sparks Plunge In Local Govt Tax Revenues; Cuts In Services Strike As Demand Soars Tyler Durden Fri, 05/15/2020 – 05:30 Small to medium size cities and counties across the United States are facing huge budget gaps amid the coronavirus shutdown induced record unemployment, drying up crucial tax revenue for local governments.  Bloomberg profiles a domino […]

  • How Bad Is It?

    ZeroHedge - May 15th 2020 5:00am EDT

    How Bad Is It? Tyler Durden Fri, 05/15/2020 – 05:00 Authored by Jeff Deist via The Mises Institute, How bad is it? That is the question on everyone’s mind as we come to grips with the economic carnage caused by global economic shutdowns, supply chain disruptions, and ongoing quarantines of million of people. Do we face […]

  • Hunger Pandemic: Visualizing COVID-19’s Effect On Global Food Insecurity

    ZeroHedge - May 15th 2020 4:15am EDT

    Hunger Pandemic: Visualizing COVID-19’s Effect On Global Food Insecurity Tyler Durden Fri, 05/15/2020 – 04:15 While COVID-19 is dominating headlines, another kind of emergency is threatening the lives of millions of people around the world – food insecurity. However, as Visual Capitalist’s Iman Ghosh notes, the two are very much intertwined. By the end of […]

  • Pro-Refugee French Activist Murdered By Migrant He Was Sleeping With

    ZeroHedge - May 15th 2020 3:30am EDT

    Pro-Refugee French Activist Murdered By Migrant He Was Sleeping With Tyler Durden Fri, 05/15/2020 – 03:30 Authored by Paul Joseph Watson via Summit News, A pro-refugee activist in France was found dead at his home after being murdered by the same 20-year-old Afghan migrant he had been sleeping with. 63-year-old Jean Dussine was head of […]

  • The History Of Vaccinations

    ZeroHedge - May 15th 2020 2:45am EDT

    The History Of Vaccinations Tyler Durden Fri, 05/15/2020 – 02:45 More than two centuries ago, on May 14, 1796, the English doctor Edward Jenner carried out what was later proven to have been the first modern-day vaccination, when he injected a young boy with pus from cow pox (or vaccinia virus) blisters on a milkmaid’s […]

  • COVID-Kowtowing & How The EU Is Betraying Europe

    ZeroHedge - May 15th 2020 2:00am EDT

    COVID-Kowtowing & How The EU Is Betraying Europe Tyler Durden Fri, 05/15/2020 – 02:00 Authored by Con Coughlin via The Gatestone Institute, The latest capitulation by the European Union in the face of Chinese intimidation demonstrates that, when it comes to protecting the interests of member states, the Brussels bureaucracy is no match for Beijing’s […]

  • E-Democracy: The 2020 Presidential Election Gets More Bizarre

    ZeroHedge - May 15th 2020 12:05am EDT

    E-Democracy: The 2020 Presidential Election Gets More Bizarre Tyler Durden Fri, 05/15/2020 – 00:05 Authored by Tim Kirby via The Strategic Culture Foundation, The Covid-19 pandemic continues to dominate the news and life of the American Republic. With currently no end in sight it is not paranoid to wonder if and how the pandemic will […]

  • ‘Robot Bows, Customer Bows’ – Sushi Bar Deploys Robotic Arm For Contactless Pickup Orders 

    ZeroHedge - May 14th 2020 11:45pm EDT

    ‘Robot Bows, Customer Bows’ – Sushi Bar Deploys Robotic Arm For Contactless Pickup Orders  Tyler Durden Thu, 05/14/2020 – 23:45 OpenTable restaurant data continues to show most foot traffic at eateries across America at near zero. There are some signs of life in Naples, Tampa, Houston, and Dallas. But for most of the country, pickup or curbside […]

  • New Facial Recognition Software Predicts You’re A Criminal Based On Your Looks

    ZeroHedge - May 14th 2020 11:25pm EDT

    New Facial Recognition Software Predicts You’re A Criminal Based On Your Looks Tyler Durden Thu, 05/14/2020 – 23:25 Authored by Alan Macleod via MintPressNews.com, A team from the University of Harrisburg, PA, has developed automated computer facial recognition software that they claim can predict with 80 percent accuracy and “no racial bias” whether a person […]